Charities may face some tough times under new tax laws. Are they right to be worried?

The 2017 tax cut has drastically changed the way taxes work. Most people in America will no longer itemize their deductions, which has charities frightened that people will stop donating. This could be a very real problem should anybody reconsider charitable gifts if they don’t think they’ll get a tax deduction.

• Best ways to give over age 70 1/2
• Giving appreciated stock instead of cash
• How to use a Donor Advised Fund to lump gifting in order to get a deduction

 

 

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Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.